In the News

New York, January 25, 2018 – GLMX, a comprehensive technology solution for the trading of
repurchase agreements (“repo”) and secured lending, has raised $20 million in growth equity
financing. The investment will help the firm expand its operations into major European markets
and bolster its engineering team following a record year in which its client base doubled, and
weekly trading volumes exceeded $68 billion.

GLMX’s request-for- quote (“RFQ”) based buy-side- to-dealer trading platform has been expressly
built to enhance the relationship between buy-side and sell-side counterparties, and addresses the
need for a more efficient repo trading infrastructure, particularly in light of increasing regulatory
reporting requirements.

The platform, launched in February 2016, and available to clients using fully-redesigned, advanced
architecture since January 9, 2018, provides a highly scalable back-end, rapid feature development,
comprehensive data tools and direct connectivity to multiple portfolio management systems.

The funding was led by Sutter Hill Ventures, one of the U.S.’s oldest and most successful venture
capital firms, serving Silicon Valley and the broader technology industry. Also participating in
GLMX’s equity raise are Otter Capital and Tippet Venture Partners.

“Global repo markets are in the midst of significant change, driven by evolving capital needs and
regulatory requirements. As an example, in the UK and Europe, MiFID II and SFTR pre and post-
trade reporting demand a new level of data capture which, if available at all, currently relies on
expensive and time-consuming manual intervention,” said Glenn Havlicek, CEO and co-founder of
GLMX. “We’ve rolled out a fully redesigned, state-of- the-art solution that is specifically intended to
streamline workflows between the buy and sell sides and to automate their trade reporting
obligations.”

“GLMX is seamlessly upgrading the way the buy and sell-side interact across the complex and
heavily-regulated money markets,” said Andrew Sheehan, Managing Director at Sutter Hill
Ventures. “We’re excited to be working with a company like this, which is combining experts from
both Silicon Valley and Wall Street.”

In contrast to all-to- all, or peer-to- peer models, GLMX intuitively and electronically replicates the
manual workflows that are broadly in use today, enabling easy adoption and limited disruption for
market participants.

About GLMX

Founded in 2010, GLMX is an independent financial technology company financed by Sutter Hill
Ventures, Otter Capital and Tippet Venture Partners. Wall Street veterans partnered with Silicon
Valley technologists to develop GLMX proprietary technology which provides an intuitive,
comprehensive, integrated global money market trading solution for institutional participants. The
goal of GLMX is to be a leader in technology, to maximize trade lifecycle efficiency and reporting
and to improve client access to market liquidity. For more information, please visit
http://www.glmx.com/